Currency Unions

Anders Ögren

No 204, Lund Papers in Economic History from Lund University, Department of Economic History

Abstract: A currency union is when several independent sovereign nations share a common currency. This has been a recurring phenomenon in monetary history. In this article I study the theoretical foundations of such unions, and discuss some important currency unions in history, most notably the case of the US. Finally I contrast the design of the EMU with economic theories and historical experiences of currency unions.

Keywords: Central banks; Fiscal systems; Monetary theory; Monetary policy; Optimum Currency Areas (search for similar items in EconPapers)
JEL-codes: B27 E42 F33 N11 N13 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2019-06-14
New Economics Papers: this item is included in nep-cba, nep-his, nep-hpe, nep-mac, nep-mon and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:hhs:luekhi:0204

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